Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The car components producer Valeo will cut 98 out of some 500 jobs in Mjällby (89 blue-collar jobs and 9 white-collar jobs). This redundancy plan is the second to be announced by the company in 2005. Already in May, some 99 workers had been dismissed. The reasons for this redundancy plan are reduced orders and tightening competition. Part of the production will be relocated outside Sweden. Further information regarding the plan has not been published.
Eurofound (2005), Valeo, Internal restructuring in Sweden, factsheet number 62535, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62535.